Despite pressure on the world’s governments to set stricter emissions reduction targets to avoid the brunt of the European Union’s (EU) sweeping new carbon levies, new research has shown that the measures will leave Australia’s industries largely untouched. A report (pdf) by the Australian Industry Group (Ai Group), Australia’s peak industry body, stated that Australia’s critical…
EU to Slap Carbon Tax on Australian Exports
April 1, 2021
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Australiacarbon border adjustment mechanismcarbon taxDan TehanEU ParliamentEU-australiaInternationalWorldWTO
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The United Kingdom and the European Union (EU) may soon hit Australian exports with carbon tax policies designed to compel European trading partners to reduce emissions. On March 10, Members of the European Parliament adopted a resolution to support a carbon tax, otherwise called the “carbon border adjustment mechanism” (CBAM). Details are to be presented…
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